Biggest Businesses No Longer Require Staff?
Technology has brought us many strange things in recent times, but could it also herald the dawn of an era where the biggest billionaire companies no longer require employees or physical office space?
ThatΓÇÖs what experts at Magister Advisors suggest. Research released today states that a new breed of billion dollar, barely-there businesses will soon come to dominate the market.
This comes shortly after news of FacebookΓÇÖs legendary IPO and acquisition of 13-manned Instagram for $1 billion ΓÇô or $77 million per delighted employee.
ΓÇ£The potential for this new breed of super-efficient companies to accelerate revenue generation is unprecedented,ΓÇ¥ insists Victor Basta, Magister Advisors MD.
ΓÇ£Microsoft went from zero to $1 million revenues in 3 years ($3.6 million in todayΓÇÖs terms).
ΓÇ£Facebook, by comparison, went from zero to $150 million revenues in 3 years. The opportunity to create huge value ΓÇô and create it quickly ΓÇô has never been greater, with minimal operational risk. The arrival of the $1 billion one- employee business is surely imminent.ΓÇ¥
Mr Basta goes on to illustrate, ΓÇ£Microsoft and Apple were both built on the entrepreneurial genius of a handful of individuals. The difference was that they needed to build a whole infrastructure to grow.
ΓÇ£The parallels between the early days of Microsoft and Apple and todayΓÇÖs new generation of white hot technology companies are compelling.ΓÇ¥
Could it be that the trend for social networking, faster and more innovative technology and peopleΓÇÖs willingness or desire to work remotely could ultimately lead to highly successful companies that require little to no input or office space?
While the world continues to sway this way, disillusioned remote workers around the globe continue to seek each other out in an effort to combat stagnation and loneliness. Such phenomena as co-working spaces and virtual ΓÇÿwater cooler momentsΓÇÖ suggest that the world is racing faster and farther ahead than anyone may want it to.
Are you a fan of the virtual business or do you believe in the need for offices, colleagues and tangible working practices? Tell us in the comments below.
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